In today’s world, managing finances can be tricky, but MoreTyme by TymeBank has emerged as a game-changer.
If you’re unfamiliar, MoreTyme is a Buy Now Pay Later (BNPL) service that allows customers to buy goods and pay for them in interest-free installments.
Let’s dive into the details of what makes MoreTyme so appealing in 2024.
How Does MoreTyme Work?
This TymeBank feature is super easy to use. You make a purchase and pay only a third of the total cost upfront.
The rest?
It’s spread out over two more installments in the following two months – interest-free! Imagine walking out of a store with your favorite item but without paying the full price right away.
Sounds good, right?
To use it, you need to be a TymeBank account holder.
The great news is that opening a TymeBank account is a breeze. You can do it online or through app download.
Once your account is set up, just activate MoreTyme in the app, and you’re ready to go. The service is available in both MoreTyme online stores and physical outlets.
For in-store purchases, simply scan a QR code at checkout.
Where Can You Use It?
Since its launch, MoreTyme has expanded its presence across a wide network of stores.
Whether you’re shopping at MoreTyme Takealot, Pick n Pay, or fashion retailers like Markham or Foschini, you’re covered.
Even better, the service has integrated with PayFast, a popular payment gateway.
This integration means even more online retailers can offer MoreTyme, giving you more places to shop.
Benefits
Why should you use It?
Let’s break it down:
- Flexible Payments: You pay just a third upfront, with two more installments to follow.
- Interest-Free: No hidden charges or interest – you only pay what the item costs.
- No Additional Fees: As long as you pay on time, there are no extra charges.
- Easy to Use: The app is designed for simplicity. Activate and use it without any hassle.
- Widespread Availability: From Pick n Pay to Jet and even online, the service is available at a vast number of retailers.
Keep an Eye on Payments
While this is great for flexible payments, there’s a catch if you miss a payment.
If you don’t pay on time, you could face penalties and extra fees. The key is to manage your payments carefully to avoid any unnecessary costs.
Where Can You Shop Using MoreTyme?
This methods is accepted in a long list of stores, including:
- MoreTyme Pick n Pay
- Jet
- Exact
- Markham
- Foschini
- American Swiss
- And many more!
How to Activate MoreTyme
Getting started is easy. Once you’ve signed up, you can immediately start using it for purchases.
Simply activate MoreTyme within the TymeBank app, and you’re set to begin using it at any of the partner stores.
FAQ
Q: Do I need a credit check to use it?
A: No, Credit check isn’t required. It’s a straightforward service without the complications of traditional credit.
Q: Can I use MoreTyme for online shopping?
A: Absolutely! You can use it online at many retailers, including Takealot and others.
Q: How do I download the app?
A: The app download is available through your phone’s app store, allowing you to manage your payments easily on the go.
Q: Is there a penalty for late payments?
A: Yes, if you miss a payment, you will face a late payment fee, and additional charges may apply.
Takeaway
MoreTyme continues to be one of the best Buy Now Pay Later options in South Africa.
Whether you’re shopping online on stores or in-store at Pick n Pay, the ability to break up your payments into manageable chunks is a real lifesaver.
Just be sure to keep up with your payments to avoid penalties, and you’ll enjoy the benefits of interest-free shopping with MoreTyme.